Kubota Co. (OTCMKTS:KUBTY) Short Interest Update

Kubota Co. (OTCMKTS:KUBTY) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 11,300 shares, a decrease of 57.7% from the August 15th total of 26,700 shares. Based on an average daily trading volume, of 36,200 shares, the days-to-cover ratio is currently 0.3 days.

KUBTY has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Kubota from a “buy” rating to a “hold” rating in a research note on Saturday, August 7th. JPMorgan Chase & Co. downgraded Kubota from an “overweight” rating to a “neutral” rating in a report on Wednesday, June 9th. Nomura downgraded Kubota from a “buy” rating to a “neutral” rating in a report on Monday, June 14th. Finally, Jefferies Financial Group upgraded Kubota from a “hold” rating to a “buy” rating in a report on Monday, June 14th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $117.00.

Shares of KUBTY traded down $1.31 during trading hours on Friday, reaching $113.77. The company’s stock had a trading volume of 23,179 shares, compared to its average volume of 20,301. The firm has a market cap of $27.49 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.12 and a beta of 0.95. Kubota has a 1-year low of $86.31 and a 1-year high of $125.81. The company has a quick ratio of 1.23, a current ratio of 1.60 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $105.01 and a two-hundred day moving average of $110.19.

Kubota (OTCMKTS:KUBTY) last released its quarterly earnings data on Tuesday, August 3rd. The industrial products company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.38. Kubota had a return on equity of 11.05% and a net margin of 8.29%. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.75 billion. As a group, analysts forecast that Kubota will post 6.77 EPS for the current fiscal year.

About Kubota

Kubota Corp. engages in the manufacture and sale of agricultural and construction machinery equipment. It operates through the following segments: Machinery, Water and Environment, and Others. The Machinery segment includes agricultural and construction machinery, engines, and agricultural products. The Water and Environment segment provides environmental-related products and pipe-related products such as ductile iron pipes, plastic pipes, valves, and pumps.

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